CEPD reviews updated beach project tax assessments

Beach Nourishment financing: The Captiva Erosion Prevention District's board was presented with updates to the tentative apportionment for the proposed beach renourishment project at its monthly meeting.

On Nov. 14, consultant economists Drs. William Stronge and Gary Jackson returned before the commissioners to review the changes that were requested by the board at its September meeting, which included using $18 million versus $15 million for the project's cost to offer some wiggle room.

They provided the updated breakdown of the project's annual benefits for property owners for storm protection and recreation, along with the proposed assessments based on zone and property type.

Shell’s recent success in the US Gulf of Mexico includes its deepwater Dover discovery on Mississippi Canyon 612, reported last year, near its Appomattox platform. The well was drilled by the Deepwater Poseidon ultra-deepwater drillship. Sources: Shell, Transocean.

In lieu of the traditional shovel groundbreaking, Miami City Commission chair Ken Russell, Miami Mayor Francis Suarez and Miami city manager Emilio T. Gonzalez (pictured l-r) perform the ceremonial water toss to mark the start of the first Miami Forever Bond project tackling flooding and sea-level rise. (Photo by City of Miami Office of Communications)